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AUD USD Double Bottom Pattern Potential

By admin on 11/06/2010

Price action on AUD/USD, a daily chart of which is shown, has been displaying the potential for a double-bottom low pattern established earlier in the week just below the 0.8100 support region. Of course, this potential trend reversal pattern will not have been realized unless and until price breaks out significantly above the 0.8550 price [...]

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GBP USD Flag Pattern within Strong Bearishness

By admin on 31/05/2010

Price action on GBP/USD, a daily chart of which is shown, has consolidated in a flag-like (inverted) pattern after a period of steep bearishness within the past several weeks. This occurs within the context of an overall downtrend for the pair. The upper bounds of the inverted flag consolidation reside around the key 1.4500 resistance [...]

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EUR USD Rising Wedge Bearish Pattern within Downtrend

By admin on 18/03/2010

Price action on EUR/USD, a daily chart of which is shown, has formed a rising wedge pattern within the context of an overall downtrend extending from the early December high. This rising wedge occurs after price was once again rejected by 1.3800 resistance, and is a potentially bearish formation that is contingent upon a significant [...]

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EUR USD Potential Inverted Flag Pattern

By admin on 08/01/2010

Price action on EUR/USD, a daily chart of which is shown, has consolidated in an inverted flag-like formation since late December. This occurs after price dropped substantially starting in the beginning of December, breaking down below a key uptrend that had been in place since the March lows. In the process of dropping, EUR/USD also [...]

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EUR USD pattern

By admin on 19/12/2009

Since pair broke the daily ascendant trend line coming from March, we can see in the 4 hours charts a particular pattern, that usually occurs in the pair, when is defining a trend: strong fall and consolidation, another strong fall and consolidation, and another, and another. Oversold conditions are reached, with RSI saturated at the [...]

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Gold Potential Bullish Pennant Pattern

By admin on 25/10/2009

Price action on spot gold, a daily chart of which is shown, has formed the appearance of a pennant pattern consolidation after reaching new all-time highs last week. This potential continuation pattern occurs within the context of a strong continuing uptrend. The all-time highs that were reached last week, just above 1070, represented a 161.8% [...]

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